Companies with a high environmental impact should disclose more data to banks and funds.
That's what 263 financial institutions demanded on Wednesday as part of the non-profit organization CDP, which operates a global system for disclosing environmental data.
The companies include Tesla, Exxon Mobil, Saudi Aramco, Akzonobel, Fraport, Hellofresh, MVV Energie, Ceconomy and Varta.
Overall, according to CDP, the 1,400 companies addressed have a market value of $24 trillion and cause more CO2 emissions per year than the EU.
Most selected companies should at least report on their impact on climate change.
Markus Fruehauf
Editor in Business.
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But the number of companies that are supposed to present data on water and forests has risen sharply.
Compared to the previous year, the number of companies that are asked to provide more information on water has increased by 51 percent and by 36 percent for forests.
For CDP, this is a sign that the capital markets want companies to be more transparent on environmental issues beyond emissions.
The increase in interest is also reflected in the increase in finance companies.
The institutes that support this initiative include large fund companies such as Amundi, Allianz Global Investors, Union Investment and Deka Investment.
Their number has increased by 57 percent.
The participating banks and investment companies manage assets of 31 trillion dollars.
"Trust is good, control is better," said Henrik Pontzen, Head of Sustainability at Union Investment.